A company tied to Robert “Bob” Brockway, chairman and CEO of Bill Ussery Motors, just paid $11 million for an office building across the street from the firm’s Mercedes-Benz of Coral Gables dealership.
Property records show Brockway Limited Partnership bought the 36,600-square-foot, three-story office building at 300 Sevilla Avenue from OOOM LLC, led by architect F. Michael Steffens and Marjorie Goldman.
Records show Brockway financed the deal with a $10.7 million loan from Mercedes-Benz Financial Services USA. Brockway also owns a dealership in Cutler Bay at 10701 Southwest 211 Street.
Brockway isn’t the only auto dealer making real estate moves in Miami-Dade County. Chevy dealer Arnaldo Bomnin is set to close on a former Toys “R” Us building on U.S. 1 near Dadeland Mall, with plans to open another dealership.
Auto titan Edward “Teddy” Morse III is also reportedly looking to expand his company.